Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term BorrowingFixed Rate - 5 to 30 year term

10 year loan rate 1.80%

Short-Term FinancingFloating Daily Rate - up to 5 year term

June 4, 2020 rate 1.52500  

Historical rates

Equipment FinancingFixed Monthly Rate - up to 25 year term

June 2020 rate 1.52500 %

Historical rates

Pooled Investments

June 3, 2020 Daily Price

Money Market Fund / $10.0000 / unit

Govt. Focused Ultra-short Bond Fund / $9.7275 / unit

Short-term Bond Fund / $10.0368 / unit

Fossil Fuel Free Short-term Bond Fund / $ 10.0356 / unit

June 3, 2020 Daily Annualized Yield

Money Market Fund / 0.938 %

Govt. Focused Ultra-short Bond Fund / 0.602 %

Short-term Bond Fund / 1.323 %

Fossil Fuel Free Short-term Bond Fund / 1.194 %

Historical Yields and Prices

Pooled High Interest Savings Account

March 30, 2020

CIBC .90%

March 31, 2020 

National Bank of Canada .82 %

 

 

What's New?

POOLED INVESTMENT FUNDS - IMPORTANT CHANGES TO INTERMEDIATE FUND:
Effective May 11, 2020. To meet client demand for a liquid and government-focused MFA pooled fund and a Fossil Fuel Free option, changes will be made to our existing Intermediate Fund within its existing mandate. Please see memo for details. 

2020 TAX LEVY PAYMENT:

Tax Levy payments will be collected via Electronic Funds Transfer. Please complete this Tax Levy one-off EFT Form and send to mfa@mfa.bc.ca by July 31, 2020. The MFA will pull the funds from your bank account on August 4, 2020. Please click here for the 2020 rates.

LONG TERM FINANCING - INVOICING PROCEDURE CHANGE:

Effective March 12, 2020. Please see memo for details.

Equipment Financing Rate Change:

Effective Jan. 1, 2020. Please see memo for details.

Fall 2020 Long-Term Borrowing Opportunity & Notice of Actuarial Reduction:

Please see memo for details and deadlines.

Change in Debt Reserve Fund Disbursement Process:

Please see memo for details.

Long-Term Debt Issue Proceeds Disbursement:

INVESTORS' FORUM WEBINAR:

Register here. June 16, 2020 - 9:30-11:00am

LATEST NEWS:

RESOURCE: Managing Cash Flow in a Crisis

GFOA shares simple-to-use Excel-based cash flow models and presentation materials. View these resources on their website.

Follow MFABC

Twitter @MFAofBC 
LinkedIn

Investors

2020 BCMFA Credit Ratings

  • Moody's: Aaa "Stable"
  • Fitch: AAA "Stable"
  • Standard & Poor's: AAA "Stable"

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year

1.66%

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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